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SOLD STC

Cloud Hotel, Meerut Road, Brockenhurst, SO42 7TD

£2,350,000

£196.90 per sq. ft.

Business rates & charges may apply

Savills, Southampton - Licensed Leisure
SIZE AVAILABLE
11,935 sq. ft.
(1,109 sq. m.)
SECTOR
Leisure facility for sale

Key features

  • Prominent position in renowned New Forest location
  • 17 bedroom hotel
  • Planning permission granted to convert to an 8 bedroom B&B, tea rooms, two private C3 residential cottages and two C1 holiday lets with associated manager’s accommodation.
  • Spectacular views over the New Forest
  • Opportunity to purchase and implement the consent or re-submit a fresh application
  • Strong summer trading performance despite pandemic
  • Opportunity for an enterprising owner operator to improve the turnover and profitability of the business

Property description

Tenure: Freehold

Description
The property sits on a 0.274 acre (0.11 ha) site with 70% site coverage and was built in the 1920’s/30’s forming a terrace of residential cottages. Thebuildings are part art deco brick detached and arranged over ground, first and second floor.
Internally the hotel currently provides 17 letting bedrooms with restaurant and other communal
areas and grounds. Parking is provided to the side with some garages beyond and in front of the building on a gravelled area (leased from the National Park Authority at nil rent) dissected by the highway.
Planning has been granted (20/00773) to rationalise the site and the number of bedrooms and convert the property back to its original state as four cottages with an 8 bedroom B&B, tea rooms and manager’s house.

Location
The village of Brockenhurst is situated within the New Forest National Park. The village has a resident population (in the ward) of approximately 5,000 persons which is significantly enhanced during the summer months given the level of tourism in the area.
The village is approximately 22 kms (15 miles) west of Southampton and 27 kms (18 miles) east of Bournemouth. Road communications in the area are good with the A337 leading to the A31 and the M27 motorway. Rail services to London Waterloo (travelling time approximately 1 hour
40 minutes) are available from Brockenhurst, a mainline station between Weymouth and Southampton. International airports are both Bournemouth and Southampton.
The property is positioned fronting Meerut Road on the southern side, within the defined village boundary but benefiting from spectacular views over the New Forest. The hotel lies in a primarily residential area but fronts the open Forest.
Directly opposite is a small gravelled parking area.

The Business
The hotel is clearly a seasonal business but despite this, occupancy rates are currently
strong, trading at close to full occupancy.
Financial information will be made available with genuine interest, subject to a formal inspection.

Planning
The building is not listed but is characterful, and it is noted as a non-designated heritage asset within the New Forest Conservation Area.
Planning has been granted as follows: Change of use to B&B and tea room; single storey conversion to facilitate managers accommodation; first floor extension to facilitate managers accommodation; 2no. roof lights; alterations to fenestration; extension; pitched roof to kitchen extension; 2no. self-contained holiday lets and 2no. cottages (use class C3); 2no. bike stores and cycle racks; demolition of single storey rear extensions and outbuildings.
A copy of the planning permission is available upon request.

Tenure
Freehold

Inventory & Stock
Fixtures, fittings and equipment are included in the sale with general stock at valuation on completion.

Rating
The property is Listed in the 2017 Rating List with a rateable value of £67,000. The National Multiplier in England for 2021/2022 is 0.512.
Upon completion of the proposed development the building will be re-assessed for Rating and Council Tax purposes.

Statutory Costs
S106 costs have been met by the vendor, all additional CIL/Statutory costs associated with the permission will be payable in addition by the purchaser.

EPC
The property has been awarded an EPC rating of ‘D77’ and will be available upon request. The individual EPC’s will be re-assessed upon completion of the development.

Price
Offers in the order of £2.35m for the freehold interest with vacant possession and the benefit of planning permission are invited

VAT
VAT is applicable at the going rate.

Viewing
All viewings must be made by prior appointment and under no circumstances should any direct
approaches be made.

Brochures

Cloud Hotel, Meerut Road, Brockenhurst, SO42 7TD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brockenhurst Station0.5 miles
  • Sway Station3.0 miles
  • Beaulieu Road Station3.8 miles

Notes

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Disclaimer - Property reference 72765-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Southampton - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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